PJET news
PJET Announces December Launch Date For Student Housing App
10:06 AM ET 10/27/21 | Dow Jones
DALLAS, Oct. 27, 2021 /PRNewswire/ -- Priority Aviation, Inc. (USOTC: PJET) ("PJET") today announced the company intends to launch its Student Housing Application in early December.
The App is intended to be the Airbnb of student housing.
Student housing is in short supply with only an estimated 22% of students living on campus.
Rents have been steadily increasing, even through Covid, since 2017.
The United States has approximately 4,000 universities among more than 25,000 universities globally.
New student housing projects are dominated by a handful of large investment firms that are putting an estimated $16 billion a year into building new student housing.
Earlier this year, PJET began developing a sharing economy application called SHBO (student housing by owner) to enable the listing of properties near universities for rent by students to include entire properties, extra rooms, and roommates.
The company is also in discussions to acquire a physical asset that will be used to test, refine, and demonstrate the technology currently under development while generating revenue at the same time. The property is near a university in the state of Texas.
Look for much more to be coming soon on the company's new business direction.
Visit the company's new website periodically to look for the latest updates
Company Website -- www.pjet-info.com
